WakingTheBull

Originally Posted by WakingTheBull

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Here is a look at how the major Indices fared this week:
DOW ($INDU) The closed up 142.36 @12217.56 below it's MA(200) @11954.53
S&P500 ($SPX) The S&P 500 closed up 20.21 @1257.60 below it's MA(200) @ 1258.82
Volatility Index ($VIX) The Volatility Index closed down 2.77 @20.63 over it's MA(200)@25.71
Baltic Dry Index ($BDI) The Baltic Dry Index, an index that measures shipping spot freight rates of various dry bulk cargoes closed down 391 @1347.00 over it's MA(200) @1610.25
Gold ($GOLD) Gold closed up up @1617.40 for the week above it's MA(200) @1627.98
Silver ($SILVER) Silver closed up 0.49 @28.72 below it's MA(200) @36.27
U.S. Dollar ($USD) The U.S. Dollar

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Originally Posted by WakingTheBull

Looks like getting closer to that 11600 support test, Dow now at 11681 down 200+ for day.

Here is a look at how the major Indices fared this week:
DOW ($INDU) The closed up + 117.99 @ 12391.25 over it's MA(200) @10906.12
S&P 500 ($SPX) The S&P 500 closed up +13.86 @1343.01 over it's MA(200) @1165.48
Volatility Index($VIX) The Volatility Index closed down -3.61 @16.43 under it's MA(200)@22.81
Baltic Dry Index ($BDI) The Baltic Dry Index, a index that measures shipping spot freight rates of various dry bulk cargoes closed up +123 @1301.00 under it's MA(200) @2405.43
Gold ($GOLD) Gold closed up +31.4 @1387.50 for the week above it's MA(200) @1295.25
Silver ($SILVER) Silver closed up +2.62 @32.52 above it's MA(200) @23.03
U.S. Dollar ($USD) The U.S. Dollar closed down - 0.95 @77.69 under it's MA(200) @81.07
Euro/U.S ($XEU) The Index closed up +1.38 @136.85 above it's MA(200) @131.19
Oil ($WTIC) OIL Light Crude closed up +1.39 @$88.80 above it's MA(200) @81.18
...

As we predicted in our Article: 2010 What Lies Ahead (click to read) commodities Kicked A$$.
Our consistently accurate yearly market forecast and our weekly WTB report's have many members ask that we do it again for 2011.
Will be doing the 2010 recap this weekend then we will be sending out WTB 2011 forecast so make sure to check back in the coming days. Happy New Year!

Commodities Beat Stocks, Bonds, Dollar in 2010
Source Bloomberg
By Debarati Roy - Dec 31, 2010 2:27 AM ET

Commodity prices beat gains in stocks, bonds and the dollar this year as China, the biggest user of everything from cotton to copper to soybeans, led the recovery from the first global recession since World War II.
The Thomson Reuters/Jefferies CRB index of 19 raw materials gained 15 percent through yesterday. The MSCI All Country World Index of stocks rose 13 percent with dividends reinvested. Global bonds returned 4.7 percent, based on Bank ...

10 Things You Need To Know Before The Opening Bell

Posted Dec 03, 2010 07:47am EST by Gregory White in Investing, Newsmakers, Recession

"
Provided by Business Insider, December 3, 2010:
Good morning. Here's what you need to know.
Asian markets were mostly lower in overnight trading, with the Shanghai Composite down 0.04%. Major European indices are mostly lower, and U.S. futures suggest a mixed open.
China has made its change in monetary policy official, by announcing that in 2011 the country will move from a "moderately loose" policy to a more "prudent" one. This statement is a precursor to further tightening measures aimed at controlling inflation. Chinese inflation is one 2011 trend to watch for, here are some more.
The jobs report is released at 8:30 AM ET, and analysts are calling for 168K new jobs in November. Public sector jobs cuts remain a large concern, and this report should provide detail on ...

How HIGH Could Silver Go in December?

" By: John Townsend, The TSI Trader

There is no other way to describe silver's price movement of the past 13 weeks other than to call it parabolic. With that in mind, I thought it would be interesting to do a little study of past silver parabolic moves and see if I could get a handle on just how high silver could travel into December before it implodes.
*
For this study I have chosen to examine the relative degree to which silver price can exceed its underlying 200 day moving average. This weekly chart of the World Silver Index (XSLV) uses the 40 week moving average as a proxy for the 200 day moving average. "






Read More...

The chart is extremely oversold and key indicators are starting to suggest bottom is in and trend reversal is soon to occur.

Good potential swing and limited downside, one that might be worth watching and researching here.

RE - IPO AFTER EMERGING FROM BK TODAY

Close @ 34.19 after one point hitting a high of 35.99.

" Old GM's Creditors Make $5 Billion in IPO, Are Entitled to More
By Tiffany Kary and Linda Sandler - Nov 18, 2010 4:53 PM ET

General Motors Co.’s $20 billion initial public offering will benefit creditors of the former GM, who made about $5 billion on the IPO and can buy millions of new shares for as little as a third of today’s price.
GM’s bankrupt estate was issued 150 million shares, or 10 percent of stock in the new company, to help pay off creditors - - stock that’s worth about $5.1 billion, based on today’s closing price. Old GM is also entitled to warrants for about 273 million shares at between $10 and about $18 each, according the company’s Nov. 17 filing with the Securities and Exchange Commission.
The estate is still calculating its liabilities, which were $36 ...

As Predicted: NEW YEAR TO DATE HIGHS FOR THE DOW

Please read all the weekly reports and Market Forecasts we have given since this site has gone live. We have been right on the money with the market forecasts. As predicted the DOW ($INDU) has just made a new YTD high breaking it's 11258 (4/30/10 Previous YTD HIGH).

It has also broke it's resistance in the 11343 area intro-day and is currently trading at 11401.50. We projected in January we might even see the DOW ($INDU) touch 12000 by years end, we are on pace for that.

($SPX) S & P 500

The S & P 500 chart is finally setting up for the Golden Cross. This key market moving technical event happened for the ($INDU) DOW at the beginning of the month. The Golden Cross could now happen for the ($SPX) S & P 500 and propel the market to new YTD highs. It could happen today, here is the chart: